Apple briefly tops $5 trillion market value
Apple briefly became only the second company in history to reach a $5 trillion market valuation on Tuesday, joining Nvidia in achieving the milestone.
The company’s shares were last trading 0.72% higher at $339.33, giving it a market value of about $4.98 trillion. Earlier in the session, the stock climbed to $342.89, pushing Apple’s market capitalisation to $5.036 trillion.
Apple reclaimed its position as the world’s most valuable company earlier this month, overtaking Nvidia, which had held the top spot since June 2025 and was the first firm to surpass the $5 trillion valuation mark.
Meanwhile, Nvidia’s shares rose 0.53% to $197.63, leaving the chipmaker with a market value of $4.78 trillion.
Apple’s strong performance has been driven by robust demand for its products and its strategy of avoiding the costly artificial intelligence investment race that has seen many major technology companies spend heavily on infrastructure and accumulate significant debt.
The iPhone maker’s stock has climbed roughly 25% this year, outperforming other members of the so-called “Magnificent Seven” technology companies, including Nvidia, Meta, Alphabet and Microsoft.
Rather than investing heavily in AI infrastructure, Apple has relied on Google’s AI technology to power new features such as its upgraded Siri assistant, helping the company avoid the soaring costs of building large-scale data centres.
Analysts also said Apple’s decision to keep iPhone prices unchanged last month—despite raising prices for MacBooks and iPads—helped boost demand, with customers buying the flagship smartphone ahead of expected price increases later this year.
On Tuesday, Apple also introduced a new device leasing programme in the United States in partnership with Klarna. The plan offers monthly payments starting at $17.99 for an iPhone, $11.99 for an Apple Watch or iPad, and $24.99 for a Mac.
According to Dipanjan Chatterjee, Vice President and Principal Analyst at Forrester, Apple has chosen to focus on improving customer experience instead of matching rivals’ AI spending, believing that will prove more valuable over the long term.
He also described the leasing programme as a smart strategy, saying it changes consumers’ perception of affordability by replacing a large upfront cost with manageable monthly payments.
Apple is scheduled to release its third-quarter earnings after markets close on Thursday, with analysts forecasting revenue growth of more than 15% compared with the same period last year.
Source: Reuters
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